SM Energy Company (NYSE:SM) is a stock to watch today. At current price of $8.45, the shares have already added 0.36 points (4.51% higher) from its previous close of $8.09. The stock sets an active trading volume day with a reported 1932679 contracts so far this session. SM shares had a relatively better volume day versus average trading capacity of 4.01 million shares, but with a 0.11 billion float and a -9.91% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SM stock indicates that the average analyst price target is $16.13 per share. This means the stock has a potential increase of 90.89% from where the SM share price has been trading recently which is between $7.79 and $8.5.
During the recent trading session for SM Energy Company (NYSE:SM), the company witnessed their stock drop by $-0.56 over a week and tumble down $-1.25 from the price 20 days ago. When compared to their established 52-week high of $31.45, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/16/18. The recent low of $7.79 stood for a -73.12% since 10/10/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.99 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for SM Energy Company, the two-week RSI stands at 40.65. This figure suggests that SM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SM readings is similarly very revealing as it has a stochastic reading of 12.18% at this stage. This figure means that SM share price today is being overbought.
Technical chart claims that SM Energy Company (SM) would settle between $8.46/share to $8.84/share level. However, if the stock price goes below the $7.75 mark, then the market for SM Energy Company becomes much weaker. If that happens, the stock price might even plunge as low as $7.42 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.35. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Seaport Global Securities lowered their recommendation on shares of SM from Buy to Neutral in their opinion released on October 10. KeyBanc Capital Markets analysts bumped their rating on SM Energy Company (NYSE:SM) stock from Sector Weight to Overweight in a separate flash note issued to investors on September 16. Analysts at BofA/Merrill are sticking to their Underperform stance. However, on August 02, they lifted price target for these shares to $14 from $17.
SM equity has an average rating of 2.25, with the figure leaning towards a bullish end. 23 analysts who tracked the company were contacted by Reuters. Amongst them, 13 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 9 analysts rated SM Energy Company (NYSE:SM) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SM stock price is currently trading at 17.25X forward 12-month Consensus EPS estimates, and its P/E ratio is 20.2 while for the average stock in the same group, the multiple is 10.8. SM Energy Company current P/B ratio of 0.3 means it is trading at a discount against its industry’s 1.2.
SM Energy Company (SM)’s current-quarter revenues are projected to climb by nearly -13.4% to hit $397150, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -4.9% from $1.64 billion to a noteworthy $1.56 billion. At the other end of the current quarter income statement, SM Energy Company is expected to see its adjusted earnings surge by roughly -700% to hit $-0.08 per share. For the fiscal year, SM’s earnings are projected to climb by roughly -1466.7% to hit $-0.41 per share.